Cross-Border Payments Platform Frex, Founded by Indian-Origin Entrepreneurs, Raises Rs 9.5 Cr to Fuel North American and Indian Corridor Expansion
What is the news?
Frex, a Gurugram-based peer-to-peer money transfer platform, has successfully secured Rs 9.5 crore in a pre-seed funding news round, co-led by Zeropearl VC and White Venture Capital. The company, co-founded by Aditya Varma, Himanshu Arora, and Nikhil Shanker, is aiming to solve the complex, slow, and expensive process of global remittances for the Indian origin founders’ primary target demographic: the NRI and migrant worker founders community.
Why is it interesting?
The secured capital will be strategically deployed to expand Frex’s on- and off-ramp infrastructure across two crucial global corridors: North America and India. By leveraging modern blockchain infrastructure alongside stringent local compliance, the company offers better-than-mid-market exchange rates and near-instant settlement. This focus positions the startup as a critical solution showcasing the Global Indian Alpha narrative—where Indian intellectual capital is building tech-forward, globally focused solutions that directly benefit the diaspora and international workers. This latest funding underscores investor confidence in the team’s ability to disrupt the $120+ billion remittance market to India.
Read more: Frex raises Rs 9.5 Cr led by Zeropearl VC and White Venture Capital